Finance Minister Nirmala Sitharaman said the government will introduce additional measures to attract foreign capital, noting bond market reforms are only the beginning. She highlighted RBI steps, global uncertainties, and India’s need to strengthen foreign exchange reserves amid rising external risks
Forex traders noted that encouraging macroeconomic data, combined with the 90-day relief from US reciprocal tariffs, spurred foreign investors to buy into domestic equities, which in turn boosted the local currency.
Forex traders noted that a weak American dollar and lower crude prices helped support the rupee, preventing a sharper decline. At the interbank foreign exchange, the rupee opened lower at 83.79 and further weakened to 83.84 against the dollar, down 7 paise from the previous day's close of 83.77.
Forex traders noted that positive sentiment in both domestic and global equity markets, coupled with a weak American currency, supported the rupee. On the interbank foreign exchange, the rupee opened at 83.93 and traded at its previous session's closing level of 83.94 against the dollar.
